Infinex is a new crypto application launched by Synthetix, providing access to a variety of on-chain protocols, services and applications. It is unmanaged and uses a new security architecture centered on on-chain smart accounts and keys. Infinex was previously a decentralized perpetual protocol.

River is building a chain-abstracted stablecoin system, connecting assets, liquidity, and returns across multiple blockchains. Through its core stablecoin, satUSD, users can achieve returns, leverage, and scale across diverse ecosystems. River's key feature is its pioneering omni-CDP module, allowing users to collateralize assets on chain A and mint satUSD on chain B—all without requiring cross-chain asset bridging.

TermMax is a next-generation loan AMM offering one-click looping, range orders, fixed/variable rates, and customizable pricing curves. Within a single platform, TermMax simplifies DeFi borrowing, lending, and leveraging with one-click token trading, enabling predictable borrowing costs and stable returns.

Pareto is a private credit market that connects institutional lenders and borrowers, offering scalable yield opportunities and linking institutional capital to on-chain credit markets. Pareto was originally named Idle, a decentralized yield aggregation platform.

Flying Tulip is building an onchain financial marketplace that unifies spot trading, derivatives, credit, a native stablecoin (ftUSD), and onchain insurance within a single cross‑margin system designed for capital efficiency and transparent risk management.

World Liberty Financial is a DeFi project supported by the Donald Trump family. Its mission is to "make cryptocurrencies and America great by promoting the mass adoption of stablecoins and decentralized finance". World Liberty Financial will first be launched as a market for cryptocurrency lending using Aave infrastructure, and will launch its governance token WLFI and stablecoin USD1. Unlike other governance tokens such as UNI and MKR, WLFI does not provide economic rights.

Aave is a decentralized finance protocol for borrowing and lending, where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion. AAVE is used as the center of gravity of Aave Protocol governance, allowing users to vote and decide on the outcome of Aave Improvement Proposals (AIPs). Additionally, AAVE can be staked within the protocol's Safety Module to provide security/insurance to the protocol and depositors. Stakers earn staking rewards and fees from the protocol.

Morpho is a lending protocol that combines the liquidity pool model used by Compound or AAVE with the capital efficiency of peer-to-peer matching engines used in order books. Morpho-Compound improves Compound by providing the same user experience, liquidity, and liquidation parameters, but with an increased APY due to peer-to-peer matchings.

Spark is a DeFi lending protocol centered around the DAI stablecoin. It is a software fork of the leading lending protocol, Aave's Version 3, which integrates direct lending capabilities within MakerDAO. Through Spark, users can obtain DAI loans using assets such as Ether (ETH), staked Ether (stETH), and DAI.

Navi is a Native One-Stop Liquidity Protocol on Sui. It enables users to participate as liquidity providers or borrowers within the Sui Ecosystem.Liquidity providers supply assets to the market, earning passive income through yields, while borrowers have the flexibility to obtain loans for different assets. With its focus on providing essential DeFi infrastructure, Navi aims to be a key player in the rapidly evolving world of DeFi in the Sui EcosystemThe protocol's innovative features, such as Automatic Leverage Vaults and Isolation Mode, enable users to leverage their assets and access novel trading opportunities with minimized risks. NAVI's design provides support for digital assets at different risk levels, while its advanced security features ensure the protection of user funds and the mitigation of systemic risks.

HyperLend is a digital asset lending platform that aims to enhance efficiency in lending and borrowing cryptocurrencies. It uses Hyperliquid's EVM Blockchain to perform financial services with maximum security, transparency, and liquidity. The plan is to go even beyond into other arenas such as options and spot margin trading on Hyperliquid DEX in the future.

Venus Protocol is a decentralized lending platform that lives on the BNB Chain. At its core, Venus is a money market protocol that enables lenders to generate yield on their tokens by providing loans, and borrowers to take out loans using $XVS and a variety of other currencies as collateral.

Huma Finance is a PayFi network powers financing of global payments, with instant access to liquidity anywhere, anytime.

Qiro Finance is a decentralized credit protocol that empowers credit applications powered by tokenized RWAs. Qiro Finance aims to address the huge credit gap that is prevalent in regions such as Southeast Asia by leveraging blockchain technology and a stablecoin framework.

JustLend is a TRON-powered coin market protocol, aiming to set up fund pools with interest rates determined by an algorithm based on the supply and demand of TRON assets.The protocol is the stablecoin USDJ and is the issuing platform.

Sky is a decentralized financial system whose native currencies USDS and SKY are upgraded versions of DAI and MKR. Other products include Sky Savings Rate, Sky Token Rewards and Staking Engine, and SkyLink connects the Ethereum mainnet and Layer 2 network.

Folks Finance is a capital markets protocol for borrowing and lending, built on top of Algorand. Users can deposit assets to accumulate yield, take loans by providing collateral, swap assets via Folks Router, and participate in Algorand Governance through gALGO and xALGO assets.

Syrup is a decentralized protocol that extends Maple’s expertise in institutional digital asset lending to offer broad access to high quality, secure yields. Syrup enables users permissionless access to secured, institutional lending for the first time. By depositing USDC into the platform, users receive LP tokens (syrupUSDC) and begin earning yield immediately. All of the yield generated by Syrup is sourced from secured loans to the largest institutions in crypto, fully collateralized with digital assets.

Aerodrome Finance is a next-generation AMM designed to serve as Base's central liquidity hub, combining a powerful liquidity incentive engine, vote-lock governance model, and friendly user experience. Aerodrome inherits the latest features from Velodrome V2. Aerodrome NFTs vote to distribute token emissions and receive incentives and fees generated by the protocol.

Loopscale Protocol is a peer-to-peer system and on-chain matching engine for borrowing and lending tokens on Solana, combining the market structures and risk management of traditional finance with the viability and scalability of public blockchains. The protocol enables sophisticated loan structuring and supports complex collateral, including LP tokens, natively-staked SOL, and tokenized treasuries.

Aria is a combining RWA and IP platform that focused on compliant tokenization and fractionalization of RWIP, unlocking liquidity for RWIP via secondary exchange and lending markets. Aria allowing distributed ownership and decision making, remixing and derivative works to add revenue streams.

Yala connects Bitcoin liquidity with a meta yield stablecoin. Designed as both a potent asset and a liquidity enhancer, the stablecoin, yU, operates across various ecosystems, increasing efficiency without the need for bridges or relocating the underlying Bitcoin. Yala empowers Bitcoin holders and ecosystem participants with expanded utility, all while maintaining the security of Bitcoin’s infrastructure.

Yei Finance is a decentralized money market on Sei. Yei Finance is also developing the liquidity protocol Clovis to unify cross-chain decentralized liquidity, enabling users' assets to be used for lending, exchanging, and bridging any chain, thereby effectively transforming every deposit into stacked yields across multiple products.

Compound is a decentralized lending platform that enables users to borrow or lend from a pool of assets without permission. Interest rates are determined algorithmically based on the proportion of assets lent out. In the summer of 2020, the liquidity mining activity launched by Compound triggered the explosion of the DeFi market.

Gondor is a decentralized protocol that allows users to borrow against their Polymarket positions and trade with 2x leverage.

Evaa Protocol is a lending protocol built on the TON Blockchain. It allows users to lend and borrow digital assets seamlessly within the Telegram Messenger platform. With Evaa Protocol, users can earn interest on their assets by providing liquidity, borrowing assets using their deposits as collateral, and repaying loans to close positions. The protocol ensures security and transparency, providing a seamless experience for users to manage their finances within Telegram Messenger.

Edel Financea is a decentralized, non-custodial lending protocol built on the Ethereum Virtual Machine, specifically designed to handle tokenized equities and other Real-World Assets (RWAs). The platform aims to recapture revenue typically taken by financial intermediaries by allowing users to earn yield on idle stocks through automated lending pools and to borrow cash using their crypto and tokenized assets as over-collateralized security.

Electric vehicles can be purchased by anyone, anywhere, with the help of TEMPO's global technology, local distribution, and point-of-sale financing. To ensure maximum transparency and efficiency in vehicle financing, TEMPO is developing a protocol to record vehicle loans and payments on a blockchain.

Lista DAO is a decentralized stablecoin lending protocol powered by LSDfi. Users can undergo staking and liquid staking on Lista, as well as borrow lisUSD against a variety of decentralized collateral. Lista aims to position lisUSD as the number one stablecoin in the crypto space, leveraging on innovative liquid staking solutions.

Tydro is a non-custodial lending protocol for onchain capital markets. Powered by Aave and built on Ink, it enables trustless borrowing, flexible collateral, and seamless coordination across the Ink ecosystem and beyond. Suppliers earn interest by providing liquidity to supported markets. Borrowers access capital by providing collateral that exceeds the borrowed amount.